Toyota Industries buys warehousing, robotics firm Bastian Solutions

Toyota Industries Corp. is acquiring Bastian Solutions LLC, an Indianapolis-based warehouse automation and robotics developer, as the Japanese manufacturer looks to enter the U.S. logistics market.

Toyota 6201, +1.08% said it will pay $260 million for Bastian, which had $225 million in sales last year, in a deal it expects to close by early April. In a press release, Toyota said it is making a “full-scale entry” into the North American logistics technology sector and will also use Bastian’s systems to make its own global supply chain more efficient.

Toyota Industries makes forklifts and other heavy machinery. It is a minority shareholder in Toyota Motor Corp. 7203, +0.72%TM, +0.31% but the two operate as separate companies.

POPULAR CATEGORY

Materials Handling Mechanics portal is an industry sector magazine and online platform; created out of the need and demand for finding specific answers and solutions in today's industrial environment where qualitative sources are not easy to find in 'the ocean' of information.

Materials Handling Mechanics gives an overview to power transmission, maintenance and materials handling industry professionals, engineers and decision makers to find their specific answers and solutions for the Materials Handling industry segment by informing them on regularly base through digital and printed publications.